Understanding cryptocurrency exchange fees is essential for any trader—whether you're just getting started or already managing a diversified portfolio. Binance, one of the world’s most popular crypto platforms, offers a competitive and tiered fee structure designed to reward active traders while remaining accessible to beginners.
In this comprehensive guide, we’ll break down every aspect of Binance fees in 2025, covering deposit, withdrawal, and trading costs across spot, futures, margin, NFTs, and more. We’ll also compare Binance with other major exchanges and share actionable strategies to reduce your overall trading expenses.
Binance Deposit Fees
One of the first things new users encounter is how much it costs to fund their accounts. Fortunately, Binance deposit fees are generally low or nonexistent for most assets.
Cryptocurrency Deposits
When transferring digital assets to your Binance account, most cryptocurrencies do not incur any deposit fees. This includes major coins like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT and USDC.
However, there are exceptions:
- Terra Classic (LUNC) and TerraUSD (USTC) are subject to a 0.5% tax burn fee on all transfers.
Additionally, each cryptocurrency has minimum deposit requirements that vary by network. For example:
- Bitcoin (BTC) via BNB Smart Chain: 0.00000002 BTC
- Bitcoin via Bitcoin network: 0.000006 BTC
- Bitcoin via Lightning Network: 0.00000001 BTC
These thresholds ensure network efficiency and prevent spam transactions.
👉 Discover how to fund your crypto account with minimal fees and maximum speed.
Fiat Currency Deposits
If you're using traditional money (fiat) to buy crypto, Binance supports over 30 currencies including USD, EUR, GBP, JPY, IDR, and AED. Most fiat deposit methods are either free or carry small fees:
| Example | Fee |
|---|---|
| EUR (SEPA bank transfer) | €1 flat |
| EUR (SEPA Open Banking) | 0.12% |
| IDR (e-wallet to USDT) | 2.20% |
| USD (Al Salam Bank transfer) | Free |
| AED (online banking) | 0.65% |
Using a credit or debit card (VISA/MasterCard) incurs a standard 2% transaction fee. There are also limits:
- Minimum purchase: €10 (or equivalent)
- Weekly cap: Up to €5,000, depending on region
Keep in mind that available payment options may change due to regulatory updates, so always verify current methods directly on Binance.
Binance Withdrawal Fees
Withdrawing funds—whether crypto or fiat—is another area where costs can add up if not managed properly.
Fiat Withdrawals
Fiat withdrawal fees depend on currency and method:
- EUR: From free to 0.12%, with minimums between €1 – €10,000
- IDR: Fees from Rp10,000 to 1.8%, min: Rp250,000
- UAH: Up to 5.5%, min: ₴550
These fees reflect processing costs and local banking regulations.
Crypto Withdrawals
Crypto withdrawal fees are dynamic and based on network congestion and blockchain transaction costs. Each coin has a fixed fee and minimum withdrawal amount.
For example:
- Bitcoin (BTC): Fee = 0.0002 BTC, Minimum = 0.0004 BTC
- Ethereum (ETH): Fee varies slightly depending on gas prices
- Stablecoins like USDT have different fees per network (e.g., TRON vs. Ethereum)
Binance adjusts these rates regularly to reflect real-time network conditions.
Binance P2P: A Lower-Cost Alternative?
If your preferred currency isn't supported through standard deposits or withdrawals, consider Binance Peer-to-Peer (P2P) trading. This service allows direct trades between users using various payment methods—including bank transfers and even cash.
Supported cryptos include:
- USDT
- USDC
- BTC
- ETH
With over 700 payment options globally, P2P often enables zero-fee transactions, especially when sellers absorb costs to attract buyers.
While slower than instant deposits, P2P offers flexibility and potential savings—ideal for users in regions with limited banking access.
Binance Trading Fees
Trading fees are typically the most significant cost for active users. Binance uses a maker-taker model, where fees vary based on your role in the market and trading volume.
Spot Trading Fees
For regular users:
- Maker fee: 0.1%
- Taker fee: 0.1%
However, USDC pairs offer a slight discount:
- Takers pay only 0.095%
By increasing your 30-day trading volume and holding BNB, you can qualify for VIP tiers and reduce fees down to:
- Maker: As low as 0.00825%
- Taker: As low as 0.01725%
Margin Trading Fees
Margin trading involves two types of costs:
- Trading fees (same maker-taker model)
- Interest rates on borrowed assets
Standard trading fees start at 0.1%, but drop to 0.075% with BNB payment (25% discount). Higher VIP levels bring further reductions.
Hourly interest rates vary by asset:
- BTC: ~0.00014629% per hour
- Discounts apply for high-tier VIPs and BNB usage (5% off)
Futures Trading Fees
Binance Futures supports two contract types:
- USD-Margined (USDT-M)
- COIN-Margined (BTC/ETH-M)
Standard fees:
- Maker: 0.02%
- Taker: 0.05%
Top VIP levels reach:
- Maker: 0%
- Taker: As low as 0.017%
Using BNB gives an extra 10% discount—but only on USD-M and USDC-M contracts, not COIN-M.
No leverage fees are charged, though position size affects max leverage (up to 125x) and maintenance margin (0.4% – 50%).
Options Trading Fees
Two components:
- Transaction fee: 0.03% (capped at 10% of option value)
- Exercise fee: 0.015% (also capped at 10%)
Applies equally to makers and takers.
NFT Trading Fees
Sellers face a platform fee starting at 0.9%, reducible to 0.1% at higher VIP levels.
Holders of valuable NFTs can benefit from reduced rates (down to 0.6%) based on 30-day holding value.
Fiat & Convert Trading Fees
- Fiat trading: Starts at 0.1% (maker) / 0.15% (taker), reducible with VIP status
- Binance Convert: Zero fees for instant swaps across 350+ coins and 45,000+ pairs
This makes Convert an excellent tool for quick portfolio rebalancing without added costs.
How Does Binance Compare to Other Exchanges?
Let’s see how Binance stacks up against Bybit and Kraken.
Binance vs Bybit
| Feature | Binance | Bybit |
|---|---|---|
| Spot trading fee (regular) | 0.1% | 0.1% |
| Futures taker fee | 0.05% | 0.055% |
| VIP qualification | Requires both volume & BNB balance | Either volume OR balance |
| Deposit fees | Mostly free | Free |
| BNB discount | Yes (up to 25%) | No native token discount |
Binance rewards high-volume traders better, but Bybit is more accessible for mid-tier users.
👉 Compare real-time trading costs across top exchanges today.
Binance vs Kraken
| Feature | Binance | Kraken |
|---|---|---|
| Spot maker fee (regular) | 0.1% | 0.25% |
| Spot taker fee (regular) | 0.1% | 0.4% |
| VIP entry point | $1M monthly volume | $500K monthly volume |
| Fiat deposit options | Extensive | Moderate |
Kraken offers faster access to lower tiers but charges higher base fees—making Binance better for casual traders.
How to Reduce Binance Fees: Pro Tips
Use BNB for Fee Discounts
Holding and enabling BNB deduction gives:
- 25% off spot/margin trading fees
- 10% off futures fees
To activate:
- Go to Spot Trading > Fee Level
- Toggle “BNB/USDT” deduction ON
As long as you have BNB in your wallet, discounts apply automatically.
Climb the VIP Tiers
Nine VIP levels exist, each requiring:
- 30-day trading volume
- Minimum BNB balance
Example:
- VIP 1: $1M volume + 25 BNB → Fees drop to 0.09%
- VIP 9: Up to $8B volume + 4,888 BNB → Fees as low as 0.011%/0.023%
Benefits beyond fees include:
- Higher withdrawal limits
- Dedicated support
- Lower interest rates
- Exclusive tools via VIP Portal
Status updates daily at 00:00 UTC.
Take Advantage of Promotions
Binance frequently runs limited-time offers:
- Zero-fee deposits/withdrawals
- Reduced trading fees on select pairs
- Cashback campaigns
Check the Promotions page regularly or enable notifications to stay ahead.
👉 Unlock exclusive trading perks and reduce your costs instantly.
Frequently Asked Questions (FAQ)
Q: Are Binance deposit fees free?
A: Yes, most cryptocurrency deposits are free. Exceptions include LUNC and USTC, which have a 0.5% tax burn fee.
Q: What is the cheapest way to withdraw crypto from Binance?
A: Choose networks with low congestion (e.g., TRON for USDT). Also consider P2P trading for zero-fee alternatives.
Q: How much are standard Binance trading fees?
A: Regular users pay 0.1% for spot trades (maker/taker), 0.02% maker / 0.05% taker for futures.
Q: Can I avoid Binance fees completely?
A: Not entirely, but you can significantly reduce them using BNB discounts, VIP tiers, and promotional offers.
Q: Does using BNB really save money on fees?
A: Yes—holding BNB provides up to 25% off trading fees, which adds up over time for frequent traders.
Q: How often are VIP levels updated on Binance?
A: Daily at 00:00 UTC based on your past 30-day trading volume and BNB balance.
Final Thoughts
Binance maintains one of the most competitive and scalable fee structures in the crypto industry. Whether you're a beginner making your first purchase or a professional executing high-frequency trades, the platform offers multiple pathways to minimize costs.
Key advantages include:
- Low base fees
- Generous discounts via BNB
- Scalable VIP program
- No fees on Convert trades
- Flexible P2P options
By understanding how each fee works—and leveraging tools like tier progression and promotional deals—you can optimize your trading strategy and keep more of your profits.
Remember: Always conduct your own research before making financial decisions. This article does not constitute investment advice.